The USDCAD is showing a bullish bias into the Retail sales

Above the 200 day MA

The retail sales will be released at 8:30 AM

The bias is more bullish with price back above a trend line and 200 day MA at 1.3143. If the price were to dip back below the 200 day MA on a stronger report that would be more bearish again. The pair has been struggling with ups and downs recently. A weaker number will look toward the Feb high at 1.3211. The 1.3208 is the 38.2% of the move down from the December high (not shown). That increases that areas (1.3208-11) importance. Getting above should solicit more buying. For your guide, the 100 day MA is up at 1.3282 if the buying accelerates.